China: Economic Growth and China Essay

China has become one of the fastest growing economies over the past forty years. The unforeseen economic growth in Southeast and East Asia, known as the “Asian Miracle” come upon the world as a surprise, and many wrote it off as being a “fluke” (http://www.nber.org/papers/w14967.pdf?new_window=1); however, looking at rise of the Chinese economy, statistics show otherwise. When economic reform began in 1978, China’s GDP was 362.4 billion yuan, and by 2008 this number rose to a staggering 30 trillion yuan (http://www.chinability.com/GDP.htm). As a result, China has maintained an average annual economic growth of approximately 9.9% (http://bb.china-embassy.org/eng/xwdt/t976363.htm) since the late 1970s, making it the second largest economy today. The issue at hand for China is no longer how to achieve economic growth, as this goal has clearly been established in a short span of no more than 30-40 years. The problem now is how to sustain this growth and deal with its consequences (http://business.time.com/2012/07/26/chinas-economic-slowdown-why-stimulus-is-a-bad-idea/). Although the declining global economy has not had as great of a negative impact on China, China still faces a great deal of economic challenges, all of which have lead to the projected decrease in China’s growth in 2012 to 8%, making this China’s worse economic performance since 1999 (http://business.time.com/2012/07/26/chinas-economic-slowdown-why-stimulus-is-a-bad-idea/). China’s primary economic…

China (i/ˈtʃaɪnə/; Chinese: 中国; pinyin: Zhōngguó), officially the People's Republic of China (PRC), is a sovereign state located in East Asia. It is the world's most populous country, with a population of over 1.35 billion. The PRC is a single-party state governed by the Communist Party, with its seat of government in the capital city of Beijing.[14] It exercises jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities (Beijing, Tianjin, Shanghai, and Chongqing)…

power of buyers
4The threat of substitutes
5Rivalry among existing competitors
Air China and China Eastern competitors in this industry
Generic Strategy
PR public relationship
Value Chain
Business ethics
Sensitive to the price of oil
Replace Japan Airlines in passenger transport ability to rank first in Asia (Japanese Economic News 2009)
While global markets have tumbled over the past month, China Southern has served as somewhat of a safe harbor; the stock has outperformed the S&P…

GE350 World Geography
Lesson 3 Assignment 3
China – “The Middle Kingdom”
China in Mandarin Chinese in called Zhangguo, this really means “Middle Kingdom” when it is translated into English. The term Zhanggou originated from the Zhou dynasty’s belief that China was the center of civilizations in there part of the world, in which they truly were. They were not aware that in the western hemisphere of the world there were civilizations as well. It was not until the 1900’s that they…

There are several points that multinational companies have to understand about China if they want to be successful there. But, there is one point that I think is very important. It is the advertising. Ad is very important for your business in China. It is the way people know what do you selling and how great is it. But, in China, it is very common that your ad can not be shown to everybody. There are a lot of limits in China, such as religion, political and so on. For example, Durex is a famous company…

The Growth Of China and its Diplomatic consequences
An issue of paramount importance in global politics today is that of the economic development of China into both a regional and global powerhouse. China is soon to be a country which many predict will share superpower status with the US alone in years to come, or even exceed it1. However it seems that China’s economic development brings more apprehension than enthusiasm2 from many countries worldwide; according to the Economist (2012, May 5th-11th…

China
From centuries of imperialist rule, to a misguided conception of socialism, China as we now know today has become a superpower, due to its immense and thriving economy which has slowly built up over years of social unrest. After the fall of the Qing Dynasty in 1912, China fell into a period of desolation with its economy in shambles due to plague, epidemics, famine, war, civil unrest and inflation. After the CCP had seized power, China was now proclaimed as the “Peoples’ Republic.” The…

GOVERNMENT AND POLITICS IN CHINA
"Let China sleep. For when China wakes, it will shake the world." Napoleon Bonaparte
Ancient China was arguably one of the strongest, richest empires in existence - so much so that her rulers saw little value in contacting anyone else in the world. So it was easy for western leaders like Napoleon to see China as a sleeping giant.
Since western countries first began exploring the world several centuries ago, they…

the New York Times: “The rise of China will undoubtedly be one of the great dramas of the twenty-first century” (NY) In recent years there has been numerous articles, discussions and commentary as to whether global dominance is shifting from the West to the East, more particularly China and India. There is no doubt that there is a movement to the possibility of global power change from the West to the East when one examines specifically economic indicators. Both China and India in the last 10 years…

Words 3513 - Pages 15

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